MILLENNIUM GROUP INTERNATION (MGIH) Stock Technical Analysis
NASDAQ:MGIH - Nasdaq - KYG6169A1040 - Common Stock - Currency: USD
Overall MGIH gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
MGIH is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month MGIH has a been trading in the 1.51 - 2.87 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that MGIH is one of the better performing stocks in the market, outperforming 89% of all stocks.
MGIH is part of the Containers & Packaging industry. There are 24 other stocks in this industry. MGIH outperforms 86% of them.
MGIH has an average volume of 2006920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although MGIH has an excellent technical rating, the quality of the presented setup is not ideal at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
1.40
1.85
5 important support areas can be observed.
- A support zone ranging from 1.66 to 1.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.60 from a horizontal line in the daily time frame.
- Support @1.51 from a trend line in the weekly time frame.
- Support @1.45 from a horizontal line in the weekly time frame.
- Support @1.41 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.83 to 1.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.68
Mansfield-0.3
10 Day High2.07
10 Day Low1.54
20 Day High2.87
20 Day Low1.51
52 Week High9.57
52 Week Low0.98
Performance
1 Week5%
2 Weeks-21.13%
1 Month-25.66%
3 Month11.26%
6 Month15.86%
12 Month66.34%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.02
RSI(14)48.68
LBB1.48
UBB2.02
MILLENNIUM GROUP INTERNATION
NASDAQ:MGIH (1/30/2025, 8:00:01 PM)
After market: 1.76 +0.08 (+4.76%)1.68
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryContainers & Packaging
Performance
% Chg0%
1 Week5%
2 Weeks-21.13%
1 Month-25.66%
3 Month11.26%
6 Month15.86%
12 Month66.34%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%20.33%
ATR Inc-22.97%
Range Today0.31
ADR(20)0.32
ADR(20)%19.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.68
Mansfield-0.3
10 Day High2.07
10 Day Low1.54
20 Day High2.87
20 Day Low1.51
52 Week High9.57
52 Week Low0.98
CS1 End1.67
CR1 Start1.83
Volume & EV
DER(3)-0.73%
DER(5)1.32%
Volume29.90K
Volume Incr-98.81%
Vol(5)59.08K
Vol(50)2.01M